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Donald Sterling Loses Clippers Fight As Judge OKs $2B Sale

Shelly Sterling had authority to seize control of the Los Angeles Clippers from her husband, Donald Sterling, and can complete her $2 billion sale of the team to former Microsoft CEO Steve Ballmer, a California probate judge tentatively ruled Monday.

  • East Bay To Spend $1.5B On Sewer Repairs After CWA Order

    The U.S. Environmental Protection Agency said Monday the East Bay Municipal Utility District and seven area communities agreed to upgrade their 1,500-mile-long sewer system over two decades to settle allegations they discharged sewage into San Francisco Bay, a project that is expected to cost around $1.5 billion.

  • 4th Circ. Sinks Va. Same-Sex Marriage Bans

    The Fourth Circuit on Monday struck down Virginia's state ban on same-sex marriages, continuing a string of federal and state court rulings finding similar state bans unconstitutional.

  • Smith & Wesson To Pay $2M To Settle FCPA Charges

    Gunmaker Smith & Wesson Holding Corp. will pay $2 million to settle U.S. Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act when employees and others made or authorized payments to foreign officials while trying to win contracts in Pakistan and elsewhere, the agency said Monday.

  • Russia Must Pay Yukos Investors $50B, Hague Court Rules

    The Hague's arbitration court has ordered the Russian Federation to pay former shareholders of defunct Yukos Oil Co. $50 billion in damages over its 2007 dismantling of the oil giant, according to decisions announced Monday.

  • McGuireWoods Beats Hospital's Suit Over Suspect LBO

    An Indiana federal judge on Friday cleared McGuireWoods LLP of helping insiders at Heartland Memorial Hospital LLC plunder the health care system's assets during a 2006 leveraged buyout that led to its bankruptcy, finding no impropriety in the underlying transaction.